Chairman of the Board, with chief hierarchy

What does a chairman of the board do in the management hierarchy? – Tasks and work environment

A chairman of the board in the management hierarchy is responsible for leading the board's work and ensuring that the organization's overall goals and strategies are followed. The role involves acting as a link between the board and executive management, often focusing on distributing responsibilities, overseeing corporate governance, and ensuring decisions are made in accordance with laws and statutes. Tasks include preparing and leading board meetings, developing working methods for the board, and following up on operational goals and reporting. The work environment is mainly office-based, characterized by a fast pace, many meetings, and a high level of responsibility for both internal processes and external relations. The work often requires travel, networking, and the ability to handle complex issues under pressure.

Salary development over time

The salary for a chairman of the board in the management hierarchy has shown some variation over the past three years, with a clear upward trend. In 2022, the average salary was 90,100 SEK per month, followed by a slight decrease to 87 800 SEK in 2023. In 2024, the salary has increased significantly to 92 100 SEK, corresponding to an increase of about 4.9% compared to the previous year. This development can be linked to increased competition for qualified leaders, a greater focus on effective corporate governance, and greater responsibility for sustainability issues and risk management. The fact that women now earn more on average than men in the profession indicates a positive shift toward equality at the top of corporate leadership. Overall, the trend is steadily upward with good prospects for continued salary growth.

Chairman of the board in the management hierarchy salary – complete overview

• Average salary: 92 100 SEK/month
• Salary range: 59,400–117,000 SEK/month
• Women earn more than men: 104% of men's salary
• Education level: University education, often with further training
• Available jobs: 175 current positions within the profession

Education and qualifications

To become a chairman of the board in the management hierarchy, a solid educational background in economics, law, or engineering is usually required, often complemented by extensive work experience in leadership roles. Many have a university degree, and advanced studies such as an MBA or doctoral education are common. Experience in board work, networking, and leadership is essential, as is understanding corporate governance and strategic decision-making.

• University education: Economics, law, or engineering (3–5 years)
• Further education: MBA, doctoral studies, or leadership programs
• Certifications: Courses in board work and corporate governance
• Experience: Several years of managerial and leadership experience
• Networking: Active engagement in industry organizations and boards

Common benefits and compensations

Chairpersons in the management hierarchy are often offered extensive benefits beyond the base salary, such as bonus schemes, stock options, and pension contributions. Other common compensations include wellness allowances, company cars, insurance packages, and opportunities for professional development through courses and international conferences. Flexible working conditions and remote work options are also common, especially in larger companies.

Competition and challenges

The competition for roles as a chairman of the board is very high, especially in larger companies and organizations where requirements for experience, education, and leadership skills are rigorous. Challenges in the profession include balancing the demands of different stakeholders, managing business risks, and quickly adapting to changes in the environment. Increased transparency and a growing focus on sustainability, ethics, and diversity also place higher demands on the competence of chairpersons. It is crucial to navigate complex decisions and maintain trust among board members and external parties.

Tips for those who want to become a chairman of the board in the management hierarchy

To succeed as a chairman of the board in the management hierarchy, it is good to combine analytical sharpness with strong communication skills and integrity. Building broad experience from various leadership positions and industries increases the chances of gaining trust for such a role. An active network and a good reputation in the business community are essential, as is continuously updating oneself on corporate governance and current regulations. Demonstrating strategic thinking and the ability to handle complex issues under pressure are central to standing out in the competition. Collaboration skills and a coaching leadership style are appreciated by boards seeking long-term stability. Finally, an interest in societal issues and sustainability should be combined with meticulousness and responsibility to succeed long-term in the profession.

Key facts about the chairman of the board in the management hierarchy

• Average salary: 92 100 SEK/month
• Salary range: 59,400–117,000 SEK/month
• Women earn more than men: 104% of men's salary
• Education level: University education, often with further training
• Available jobs: 175 current positions within the profession

Career paths and future prospects

After three to five years as a chairman of the board in the management hierarchy, opportunities open for even more senior roles, such as chairman of the board in listed companies, corporate governance advisors, or group CEOs. Many choose to serve on multiple boards simultaneously or engage in mentoring programs and industry organizations. According to the Swedish Public Employment Service, demand for experienced chairpersons remains stable, which is confirmed by the 175 current job openings in the profession. Increasing globalization, digitalization, and focus on sustainability drive the need for competent board leaders, indicating good future prospects and continued salary development.

Frequently asked questions about the chairman of the board in the management hierarchy

• What is the salary of a chairman of the board in the management hierarchy?
  - The average salary is 92 100 SEK per month, but it varies between 59,400 and 117,000 SEK depending on experience and sector.
• Are there gender differences in salary?
  - Yes, women earn on average 104% of what men do in this profession.
• What education is required to become a chairman of the board?
  - Usually, a university degree in economics, law, or engineering, along with several years of leadership experience, is required.
• What does the job market look like?
  - There are 175 available jobs within the profession, and demand is stable.
• What are the main challenges in the profession?
  - Handling complex decisions, balancing stakeholder demands, and adapting to environmental changes.
• What benefits are common?
  - Bonus schemes, stock options, pension contributions, and wellness allowances are typical benefits.
• Can one hold multiple board roles at the same time?
  - Yes, it is common for chairpersons to have several concurrent board roles.